The exorbitant cost of renting in Tenerife: rooms priced at up to 1,800 euros

Tenerife residents have expressed their anger at the housing renting offer on the islands, stating that it exceeds an average salary."

An advertisement on the property portal Idealista has triggered widespread outrage on social media among Canarians. The ad offers a room in the central area of La Orotava, Tenerife, for a monthly rent of 1,800 euros.

This property is part of a coliving house known as “Gato Azul,” located in close proximity to the European University of the Canary Islands. Coliving is a residential community model that has been gaining popularity, particularly among digital nomads and professionals seeking spaces for collaboration and coexistence, seen as an evolution of coworking applied to real estate.

The advertisement, which has caused a stir on Twitter and other social platforms, specifies that the 1,800 euros monthly rent is for a single or standard double room. This rental cost exceeds the average salary of a Canarian, prompting many residents to express their dissatisfaction with the state of the real estate market in the Islands.

Idealista promotes the opportunity to “work and live in ‘Gato Azul,’ a community of like-minded people in a charming old house in the heart of La Orotava.” In addition to the room, the price includes access to all communal areas, such as high-speed internet, a sauna, fireplace, and garden.

The exorbitant cost of renting in Tenerife: rooms riced at up to 1,800 euros.

Various types of rooms are available: besides the standard rooms for 1,800 euros, there are beds in shared rooms for 1,200 euros per month, or single or double Comfort rooms with a private bathroom for 2,200 euros per month.

The outrage expressed on social media centers around the accessibility of such accommodations in a region where the cost of living is a challenge for many residents. This advertisement has brought attention to the ongoing tensions related to housing prices in the Canary Islands and has raised questions about the local real estate market.

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